23% of millennials don't use credit cards, and they're missing out - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

About a quarter of millennials still use their debit cards for their daily purchases — and that leaves lots of rewards on the table

Cash-back cards can help you get free cash that you wouldn't get through making purchases on a debit card. Unlike airline miles, these rewards can be used for pretty much anything, including knocking down your bill. I can't see the value in ever using a debit card after having my airline credit card for just over a year and a half, and using a cash-back card occasionally as well.

Credit cards can be a tool for building credit and harnessing rewards when used responsibly, and debit cards can't rival that.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

what a crock of sh*t. they're using debit cards instead to stay out of debt. ever heard of that saying 'if you can't pay for it than you can't afford it'?!?!

As M. Cuban's dad told him : ' Do not use credit cards.' Credit junkies are the most unlikely role figures

Be happy and proud that your fiends millennials are not so stupid to use credit cards to profit banks

oh really Liz you were shocked? what kind of lunatic cares how their friends are paying for something who cares?

This is cheap propaganda for banks. Nobody should pay with credit card. Is like you have no money to pay your lunch.

Yes. But helps them live debt free.

because you need good credit to get rewards credit cards?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Millennials killing things was story of decade, but not their fault - Business InsiderWe need to acknowledge wider economic trends that forced millennials to 'murder' everything from napkins to TGI Fridays.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Millennials will face fewer financial struggles in 2020s, expert says - Business InsiderIn the 2010s, millennials dealt with the recession fallout and student-loan debt — but they're about to enter their prime earning years. Good luck TRUMP 4EVR Optimism
Source: BusinessInsider - 🏆 729. / 51 Read more »

9 hiring trends to look out for in 2020, according to workplace experts - Business InsiderCandidates will be looking for great benefits, like insurance and flexible work perks. And recruiting technology will continue to play a bigger role.
Source: BusinessInsider - 🏆 729. / 51 Read more »

6 mistakes I made while paying off $81,000 of student loan debt - Business InsiderI borrowed a total of $81,000 in student loans for two degrees. Over a period of nine years, I paid it all off — and it wasn't easy.
Source: BusinessInsider - 🏆 729. / 51 Read more »